Added marquee clients in both domestic and international markets.
Mumbai, February 03, 2021: Shahlon Silk Industries Ltd., a leading fabric and manmade fibre company in India, is expanding its geographical reach to cater to more markets as the demand for textile products is showing excellent strength in both domestic and international markets led by increasing demand for fashion and furnishing products. After expanding its geographical base, the company exports its products to 15 countries like United States, Europe, Middle East, Africa, Belgium, Egypt, Jordan, North Africa, Thailand, Turkey, Sri Lanka, Bangladesh and Korea.
Many countries and companies are already expanding their sources of man-made fabrics/yarns from different nations rather than relying on a few countries. India is expected to gain significantly out of this as the county has been moving towards man-made fibres from cotton fibres and can be a huge sourcing nation for the World.
The company, which is primarily engaged into manufacturing and exporting of synthetic textile yarn and fabrics, garners 87% of its revenues from domestic markets and 17% from exports.
The Surat based company has three manufacturing facilities at different locations in Gujarat (Kim, Karanj, and Kosamba). The company’s total installed capacity for Fabric manufacturing is 40 million meters per annum while it is 22,200 metric tons per annum for manufacturing Yarns.
Fabrics and synthetic yarns find usage in number of user applications like weaving, furnishing, laces, tapes, knitting, velvet, labels, carpets etc. The company has major share of domestic revenues from garments makers situated at cities like Delhi, Mumbai, Bengaluru which are manufacturing garments for leading domestic and international brands.
Commenting on expanding geographical reach, Mr. Dhirubhai Shah, Chairman of Shahlon Silk Industries, said, “During the current quarter, we have added marquee clients in both domestic and international markets, which would result in increased volumes.
The global trade and supply chain scenario has been changing and favouring India, in terms of becoming key sourcing partner for both fabric and manmade fibre products.”
He further added that, “We are focusing on improving our operating margins and profitability through better revenue mix and operational efficiencies. Besides, focusing on expanding our geographical reach and adding more customers across the world and fully committed to capitalise on the changing industry landscape.”
About the Company:
Shahlon Silk Industries Ltd., leading fashion to technical fabric player to domestic and leading fashion brands across the world, is based in Surat, the textile hub of India. With the unwavering vision to be a fully integrated textile enterprise, and the strong support from workforce of more than 1800 employees, the company has expanded from yarn marketing agency to texturizing, twisting, sizing, yarn dyeing, weaving, finish fabrics and industrial infrastructure fabric player in the country.
Shahlon Silk Industries Limited is engaged in manufacturing and exporting of supreme quality fabrics and synthetic textile yarn across the world. Headquartered in Surat, SSIL has state of art facilities in and around Surat, the textile hub of India. The company has three manufacturing units in Gujarat located at Kim, Karanj, and Kosamba.
The company is leading player in fabric used in women’s wear like sarees and garments, which are growing segments and have been growing at double digits. Shahlon’s garment manufacturers in Delhi, Mumbai and Bengaluru who export to top brands like M&S, Matalan, H&M, Belk, and many more.